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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Polycab India's Revenue for the
three
months ended in Jun. 2026 was ₹82,097 Mil. Polycab India's average Accounts Receivable for the
three
months ended in Jun. 2026 was ₹37,585 Mil.
Hence, Polycab India's Receivables Turnover for the
three
months ended in Jun. 2026 was 2.18.
Polycab India (NSE:POLYCAB) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Polycab India Receivables Turnover Related Terms
Polycab India Receivables Turnover Historical Data
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The historical data trend for Polycab India's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:POLYCAB vs VRT, BE: Receivables Turnover Comparison
For the Electrical Equipment & Parts subindustry, Polycab India's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Polycab India Receivables Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polycab India's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Polycab India's Receivables Turnover falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Polycab India (NSE:POLYCAB) has a Receivables Turnover of 2.18 as of Jun. 2026. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Polycab India and its competitors. According to the industry distribution chart, Polycab India ranks #252 out of 3033 companies in the Industrial Products industry, placing it in the top 8.3%.
Is Polycab India's Receivables Turnover too high?
Polycab India's current Receivables Turnover is 2.18. The Industrial Products industry median Receivables Turnover is 4.46. Polycab India's value of 2.18 is 51.1% below this industry median. Based on the distribution chart, Polycab India ranks #252 out of 3033 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Polycab India has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polycab India's Receivables Turnover compare to VRT and BE?
According to the Industrial Products industry distribution chart, Polycab India ranks #252 out of 3033 companies for Receivables Turnover. This places Polycab India in the top 8% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 4.46. Polycab India's value of 2.18 is 51.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.46, based on 3,033 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Polycab India's current Receivables Turnover of 2.18 is 51.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Polycab India and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polycab India's current Receivables Turnover is 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polycab India stock overvalued right now?
Based on GuruFocus' analysis, Polycab India (NSE:POLYCAB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹10,098.75, compared to a current price of ₹9,121.50 — trading 9.7% below its estimated fair value. The current Receivables Turnover is 2.18 and 51.1% below the Industrial Products industry median of 4.46. Polycab India's overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Polycab India (NSE:POLYCAB), the current Receivables Turnover is 2.18 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Polycab India (NSE:POLYCAB) Overvalued in 2026?
Based on GuruFocus' analysis, Polycab India stock appears to be undervalued.
The current stock price of ₹9,121.50 is trading 9.7% below its estimated GF Value™ of ₹10,098.75.
GuruFocus considers Polycab India to be Modestly Undervalued.
Key valuation signals for NSE:POLYCAB:
Receivables Turnover: 2.18
GF Value™: ₹10,098.75 vs. price of ₹9,121.50 (9.7% below fair value)
Industry Position: 51.1% below the Industrial Products median (#252 of 3033)
No single metric tells the full story. See the NSE:POLYCAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and the EPC segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India, and also has its presence Overseas. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.
97GF Score
Get the complete analysis for NSE:POLYCAB
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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